How to resolve what the Chinese sell to or what the international market - China
上一篇 / 下一篇 2010-06-23 08:56:59 / 天气: 晴朗 / 心情: 高兴
< p> With the economic takeoff of China, \Unfortunately,louis vuitton outlet, their influence is only reflected in the demand-pull, the price of influence is minimal, can only passively accept the international market price has actually become the soft underbelly of China's foreign trade. Well-known foreign trade expert said Mei Xinyu, to protect the legitimate interests of Chinese enterprises, China must change its trading power and pricing of the coexistence of a small country, must be *** \What the international market on or about \
in China Hom, \What to buy, what the rose; China to sell and what they have to fall. \You agree with this? China's lack of international trade, which mainly related to the field of pricing power?
Mei Xinyu: This is not ridicule, is a fact. China's lack of international trade, pricing power is extremely broad, covering areas ranging from primary products to manufactured goods. In addition to oil, iron ore, corn, the non-ferrous metals, rare earth, cotton and soybeans, and textiles, garments, electronic products and other manufactured goods, there exists the problem, but to different degrees.
Q: this phenomenon on the Chinese economy to what extent?
Mei Xinyu: lack of pricing power, commodity imports of Chinese companies on several occasions forced to accept price increases, but not in the export commodity Shique International buyers do not face low offer. In this process, huge losses of Chinese enterprises in various sectors under attack, greatly affected the stability of China's economic performance and sustainable development, making China's manufacturing growth, China's export trade, the development of a \.
dollars flooding pushed asset prices
Q: Why is there such a situation? \
Mei Xinyu: With the progress of the domestic industrialization, from the mid-90s, China has gradually from a net exporter of primary products and manufactures a net importer of change is a net importer of primary products and net exporters of manufactured goods. Imports of primary products increased year by year, the proportion in total imports increased significantly, mainly in non-food raw materials (excluding fuels) and mineral fuels, lubricants and related materials categories. China is a copper, manganese sand, and other various resources, the largest importer of products, can be said that China's demand for bulk raw primary products soared in recent 8 years of international market prices of these species an important basis. In addition, the following factors driving prices, and undermine China's international trade pricing. The most fundamental factor is the major Western central banks, particularly the Federal Reserve's continued practice of over-easy monetary policy, leading to U.S. dollars flooded the market all cones, priced in U.S. dollars determined bulk commodity prices will inevitably rise. Moreover, with the strength of Western institutional investors, the strengthening of the financial attributes of the commodity utilization pinnacle, further exacerbating the larger trend of commodity prices.
Q: According to you, then understand, this is not a pure trade issue, or a financial and monetary issues?
Mei Xinyu: We need to go beyond the surface of pricing in international trade see the essence of inflation, prices of primary products imported from China are back in full cones of inflation View the next place, the end of inflation sweeping the root node is a monetary phenomenon, to a large extent the performance of excess liquidity. The global excess liquidity can be traced back to Western countries in the former Ji loose monetary policy, the Bank of Japan's zero interest rate, in January 2001 to June 2003 the Fed cut interest rates 13 consecutive times. Although the first two years of rate hikes once the developed countries, but the salvage sub-prime crisis has led to financial market moves market liquidity surge, the United States, Europe, Japan and other countries central banks to inject liquidity into the tens of billions of dollars funds. Large-scale injection and cut interest rates on the one hand indirect final demand expansion, on the other hand adds to the commodity market supply of speculative funds, but the speculation is speculative funds will be higher commodity prices pushed the chief culprit. Second, negotiations in the international market supply and demand in different capacities, resulting in lack of pricing power in international trade in China. In the field of primary products, a significant number of product suppliers have already formed some large multinational oligopoly structure, the demand side is China, as millions of import enterprises; in many products in the field, it is few leading thousands of foreign buyers of Chinese exporters, such as Ma Wo thou Chinese consumer goods manufacturers. Pattern in such negotiations, the status of our negotiations is necessarily weak, the lack of appropriate trade pricing problems will arise.
Q: Since it is a \
Mei Xinyu: the formation of the profound historical and geographical roots. In the field of primary products, China is a resource-poor countries, Western multinational corporations in the 34 years of colonial rule, have formed the basis for many commodity market monopoly power, Canada, Australia are resource-rich Anglo - Saxon countries, Many resource-rich developing countries have been dominated by Western companies with exploration, mining, sales and other key areas. World War II in the socialist revolution and national liberation movement under the impact, Zhe Zhong Quan Li Zeng crumbling monopoly, but last century the socialist camp, 80 years after being hit hard, monopoly Shi Li has been restored and enhanced, for the international economic order the quiet struggle Hom. In this regard, we would like to quickly turn around the status quo is impossible.
pricing be competing against five errors
Q: Chinese companies Ji years ago to buy out resources and use of WTO rules Pok study anti-monopoly, hoping to get rid of the kinds of passive in the pricing on the situation,chanel handbags for sale, but now appears to have little effect. What we can conclude that the experience gains and losses?
Mei Xinyu: The pricing for international trade, we first need to get rid of the error of thinking and understanding, to develop the right target. First thought is to pricing errors on pricing, did not see the underlying macroeconomic trends all cones. I mentioned above, we need to go beyond the surface of pricing in international trade see the real inflation. Want to reduce the cost of imports, only focus on the development of futures markets side is useless; in international macroeconomic policy coordination, the source of excess liquidity to reduce, is the root of the problem. Inflation in all the established pattern of cones, our goal should not be to maintain the original low-cost imports of primary products, but should be how to share the interests of the bull market of primary products, to maximize the price of our products. In the finished areas have similar problems. China's exports of electronic products is large, but the rapid replacement of electronic products, leading to price decline was particularly pronounced as the basic characteristics of this industry, if we seek to locate the target pricing in international trade to change the basic characteristics of the industry, would probably to the wrong house. The second myth is cyclical, in that the occasion of the bull market of primary products in the market aggressively acquire resources, such an approach is not entirely inappropriate, but will make us pay a high cost, face significant opposition. We need a longer time span to achieve counter-cyclical, in that the bull market in commodities the occasion of the end of large-scale acquisition of resources, lower costs, reduce resistance. I think this is a commodity bull market has been 8 years, in what way it will end? Price ratio between primary products and manufactured goods will be how to change? This is of concern. The third misunderstanding is the goal of developing the high level of protection. We must ensure that should the resources for the supply of domestic final consumption, not for the foreign final consumption of resource supply. We can use the resources are limited, the goal for the improper spending of more resources, and used in other targeted resources reduced. The fourth myth is anxious. I said before, we can not expect overnight changes in 34 years complete the pattern caused by colonial rule. The fifth problem is that the right to operate in the promotion of foreign trade enterprises moderately concentrated well enough.
Q: You said that China's raw materials, primary products and manufactured goods such as Ji almost all international trade, competing in all areas of pricing, \So, to enhance the pricing right to speak, what areas should be selected first for a breakthrough?
Mei Xinyu: start with their greater demand, the state must base overseas is not a sovereign state monopoly of goods to proceed. For example, oil, Saudi Arabia, Iran, Russia and other major oil producers and exporters of oil and gas production are state monopolies, and we do not take anti-trust target these areas. Soybean, rare earth, we have a foundation to the monopoly of iron ore is mainly furniture business enterprise, from the start with would be easier.
caution antitrust as a weapon
Q: Ministry of Commerce spokesman Yao Jian proposed \To curb the effectiveness of the use of anti-monopoly law and WTO rules, the use of international monopoly ore producers to counter acts of market manipulation. \What do you think?
Mei Xinyu: Anti-monopoly is not the WTO rules, I object to the introduction of WTO rules, anti-trust issues, as against us, we need to do is to use as a domestic The Antimonopoly Law to check monopoly of overseas giants.
Q: The issue of pricing up to the \Should we seek a covering of short, medium and long-term solution?
Mei Xinyu: To address the lack of international trade, China's pricing predicament, one led by the relevant departments of the State Council, dominated by the Ministry of Commerce, CSRC, PBOC and other related multi-sectoral participation on the development of commodity trading laws to address such issues as trade in imperfect legal working group was being set up. However, the details of the detailed solution can not be drawn up at once, must be constantly enriched and improved in practice.
Ji now we need to do things: first, macroeconomic coordination by all cones, contain too rapid trend of inflation and commodities prices. Second, through such means as sharing of overseas investment income commodity bull market. Remember, though anti-periodic operation. Third, the development of appropriate level of protection objectives. Fourth, the development of alternative products industry, weaken the monopoly of certain primary products overseas giant's monopoly power. Fifth, the use of anti-trust tools to curb foreign monopoly giant. Sixth, the appropriate focus to promote the right to operate to enhance the trade negotiating capacity. Note that \This wind Yan exist.
wins the futures market pricing power of the wind Yan
Q: Many people suggested using financial instruments (such as futures market) to solve the pricing problem of Chinese commodities. This way feasible?
Mei Xinyu: to some extent useful, but there are limitations, mainly used to guarantee the interests of the larger share in our domestic wind Yan is also the objective of . Therefore, the only other measures to increase control of resources based on the use of this tool, but it can not simply rely on this tool.
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